Property Overview: 63 Pynoo Place, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in the established Island Lakes neighbourhood offers a balanced, move-in-ready proposition. With 1,713 sqft of living space, a renovated basement, and an attached garage, it provides the functional layout many families seek. The data reveals its core strength: it is a consistently above-average property citywide in terms of size, assessed value, and relative newness (built in 1988), yet it sits comfortably within the averages for its own desirable street and community. This suggests a home that offers more space and value than much of Winnipeg without being an outlier in its immediate area, providing a sense of both value and neighbourhood consistency.
Its appeal lies in this equilibrium. It’s a home for buyers who prioritize a mature neighbourhood with green spaces and waterways over a brand-new development, but who still want modern livability thanks to the renovated basement. It would suit a young family looking for a solid first home in a reputable area, or perhaps downsizers seeking a manageable but not-too-small property with community amenities close by. A thoughtful perspective is that its "middle-of-the-pack" standing on Pynoo Place itself could be a stability advantage, as it's less likely to be disproportionately affected by local market fluctuations compared to the street's highest or lowest-valued homes.
Section 2: Frequently Asked Questions
1. How does this home truly compare to others in Island Lakes?
The metrics show it is very representative of the neighbourhood. Its living area and lot size are almost exactly the community average, while its assessed value is slightly above the average for Island Lakes. You are getting a home that is typical for the area in size, with a value that holds its own.
2. The home was built in 1988. What should I consider?
While newer than the Winnipeg city average, a home of this age is likely approaching, or may have already had, key updates. The renovated basement is a noted positive. A prudent buyer would focus inspections on the roof, windows, and major mechanical systems (furnace, water heater) to understand their remaining service life and budget accordingly.
3. The sold price history shows a sale in 2017 for a much lower price. Is that relevant?
That historical price primarily reflects the market conditions of seven years ago and is not a direct indicator of current value. The more relevant figure is the current assessed value of $470k, which is used for taxation and is based on a municipal evaluation of its worth relative to recent area sales.
4. What is the lot like, and is there room for expansion?
At 5,657 sqft, the lot is just slightly below the average for both the street and Island Lakes. It provides a good-sized yard for family use. Any potential for expansion (like an addition or large deck) would be subject to the City of Winnipeg's zoning bylaws and would require proper permits.
5. You mention it's "above average citywide." What does that mean for me?
This statistical context means that compared to the entire Winnipeg housing market, this home offers more living space and a higher assessed value than about 75-80% of properties. It highlights that you are purchasing a home that stands above the typical Winnipeg benchmark in these key categories, which can be a factor for long-term value retention.